Prepare Toms 2018 Federal tax return based upon the information he has provided you with in the exhibits below.

Tom's Regular Income Information
T-4
Employment income		$ 48,000.00
CPP		$ 2,202.72
EI		$ 902.40
Income tax deducted		$ 7,010.52
T-5
Actual amount of dividends		$ 1,450.00
Taxable amount of dividends		$ 1,696.50
Federal Dividend tax credit		$ 178.50
Interest income		$ 150.00

Mini Donut income		$ 8,500.00
Cell phone for business		$ 1,200.00
Donut making supplies		$ 750.00
Advertising		$ 475.00
New Fo'shizzle shoes		$ 145.00
Electricity for house		$ 4,800.00
Golf club dues		$ 1,800.00	I take my clients golfing!
Donut union membership		$ 95.00
Booth rentals		$ 800.00
I had a big order of $500 worth of donuts that I still haven't been paid for.

Capital Gain
I bought some shares in Autobot automation 2 years ago for $10,000
I just sold them for $15,000 in 2018
House sale
I purchased my home 5 years ago for $168,000. It was a fixer upper.
I put about $25,000 of materials into the home and also had to pay a
plumber $6,500 to update all the plumbing. As well I had to
update my electrical to 200 amp (up from 100 amp), it cost me $4,500 for the electrical
I have also paid home insurance for the last 5 years of $1,000 a year and
property taxes of $1,500 a year for the past 5 years.
I sold my home on November 15, 2018 for $300,000.